August 31, 2010 / 1:17 PM / 8 years ago

UPDATE 1-Halliburton wins Eni contract in Iraq

* Contract worth multimillions of dollars

* Second Iraq job announced by Halliburton this month

NEW YORK, Aug 31 (Reuters) - Halliburton (HAL.N), the No. 2 oilfield services group, said on Tuesday it had won a contract from Italian oil company Eni (ENI.MI) to help develop 20 oil wells in the Zubair field in southern Iraq.

Oil producers and oilfield services companies, including Halliburton peer Schlumberger Ltd (SLB.N), are ramping up operations in Iraq, which is hoping to use its vast oil resources to rebuild the country.

Halliburton did not give financial details on the deal, which it described at a “multimillion dollar” contract that included services such as wire-line logging, perforating, acidizing and well testing.

Halliburton’s former unit KBR (KBR.N) was the U.S. government’s biggest contractor in Iraq after the U.S.-led invasion.

Earlier this month, Halliburton said it had been awarded a letter of intent to work with a Shell-led (RDSa.L) consortium developing the Majnoon field in southern Iraq, one of the world’s largest oilfields.

“Halliburton has made a strategic investment in our Iraqi infrastructure and the award of this contract, coupled with the recent letter of intent awarded by Shell and its partners, demonstrates that we have the technology and people in place to deliver in Iraq,” Halliburton Chairman and CEO David Lesar said in a statement. (Reporting by Matt Daily, editing by Maureen Bavdek)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below